Gunung Capital says its board of directors yet to deliberate on Cambodian bank stake buy

Gunung Capital Bhd said today that its board of directors has not deliberated on any proposed investment into a financial institution in Cambodia, although the company has commenced exploring investment opportunities there.

“As at the date of this announcement, the board has not been briefed and has not deliberated on any other investment proposal especially in relation to the bank/financial institution in Cambodia as mentioned in the article,” it said in a stock exchange filing today.

It was referring to an article on The Edge Malaysia Weekly published for the week of May 4-May 10, which stated that Gunung Capital is in advanced talks to acquire over 20% in a new full-fledged commercial bank in Cambodia.

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